The recession-proof business?

It’s Clocking In confession time. The ONLY reason we ever run entries about Rick’s Cabaret is because sex sells.

And Rick’s proved it when net income for the first quarter of fiscal 2008 was up 405 percent. Earnings were $1.78 million for the quarter ended Dec. 31, 2007, compared with earnings of $352,954 for the same period a year earlier.

New clubs in Florida, Fort Worth and increased spending at clubs across the country helped drive the revenue.

Rick’s went so far as to revise its guidance up for 2008. It had originally forecast sales of $55 million and earnings of $8.4 million. Now the company is looking at sales of $61 million and earnings of about $10.4 million.